General Comments Markets were dark from 2:00 p.m. last Wednesday until 9:30 a.m. this morning. It was one of those rare days when it felt like the "good old days" from a trading perspective. No one knew for certain how we would open until the bell rang at 9:30 a.m. There was every reason to expect higher openings:
The dollar was sharply lower; Financial markets were strong; Energy markets were higher; China's PMI index again was higher than it was the previous month; Weekly export sales for corn and wheat were well above estimates, while soybean sales were towards the high end of the expected range; The USDA announced another export sale of 20,000 MT of soybean oil; It was still too wet across Argentina; and, There is no rain...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
